NYSE$HUBS

HubSpot · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

HubSpot's Q4 2021 earnings exceeded expectations, with strong revenue growth and increased customer base.

HubSpot reported a total revenue of $369.3 million for Q4 2021, representing a 47% increase compared to Q4 2020. The company's customer base grew to 135,442, a 30% increase year-over-year. Non-GAAP operating income was $38.2 million, compared to $24.6 million in Q4 2020.

  • Total revenue increased by 47% to $369.3 million compared to Q4 2020.
  • Subscription revenue grew by 47% to $358.7 million compared to Q4 2020.
  • The company's customer base grew to 135,442, up 30% year-over-year.
  • Non-GAAP operating income increased to $38.2 million, compared to $24.6 million in Q4 2020.

Headline financials

Total Revenue

$369M

Previous: $252M+46.5%
EPS (adj)

$0.58

Previous: $0.40+45.0%
Total Customers

135.4K

Previous: 104.0K+30.2%
Average Subscription Revenue Per Customer

$10.9K

Previous: $9.76K+11.4%
Capital Expenditures

$11.3M

Previous: $9.52M+19.0%
Free Cash Flow

$78.3M

Previous: $45.8M+71.0%
Net Income

-$16.4M

Previous: -$15.4M-6.2%
Operating Income

-$8.24M

Previous: -$7.64M-7.8%
Gross Profit

$298M

Previous: $205M+45.4%
Cash & Equivalents

$377M

Previous: $378M-0.3%
Total Assets

$2.17B

Previous: $1.97B+10.2%
Stock-Based Comp

$45.9M

Previous: $31.5M+45.9%

Revenue & EPS history

HubSpot · Revenue · Quarterly

$369M

Q4 2021+46.5%vs Q4 2020
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

HubSpot · $369M total across 2 segments · Q4 2021

  • Subscription
    $359M+46.8%
  • Professional Services and Other
    $10.7M+38.2%

Forward guidance

HubSpot is issuing guidance for the first quarter of 2022 and full year 2022. Total revenue is expected to be in the range of $381 million to $383 million for Q1 2022 and $1.72 billion to $1.73 billion for FY 2022.

Tailwinds

  • Total revenue is expected to be in the range of $381 million to $383 million for Q1 2022.
  • Non-GAAP operating income is expected to be in the range of $30 million to $31 million for Q1 2022.
  • Non-GAAP net income per common share is expected to be in the range of $0.46 to $0.48 for Q1 2022.
  • Total revenue is expected to be in the range of $1.72 billion to $1.73 billion for FY 2022.
  • Non-GAAP operating income is expected to be in the range of $155 million to $157 million for FY 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+2.7%

Avg return

Earnings day

+1.9%

Avg return

5 days after

+3.9%

Avg return

30 days after

61%

28 / 46 earnings

Positive

+20.0%

Q4 2015

Best reaction

-19.4%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-19.4%-26.6%-12.9%
Q4 2025+9.4%+18.1%+26.3%
Q3 2025-15.0%-15.0%-18.3%
Q1 2025-8.7%+1.5%-7.7%
Q4 2024+4.4%+2.3%-22.4%
Q3 2024+11.5%+17.7%+28.3%
Q2 2024+5.8%+4.3%+10.3%
Q1 2024-4.6%-2.9%-3.1%
Q4 2023+0.8%+1.6%-0.5%
Q3 2023-5.2%-1.4%+14.6%
Q2 2023-15.0%-14.3%-4.3%
Q1 2023+8.3%+7.3%+26.4%
Q4 2022+10.1%+5.0%+8.2%
Q3 2022-4.0%-10.3%+4.7%
Q2 2022+6.5%+4.1%-9.9%
Q1 2022-9.1%-17.1%-9.7%
Q4 2021+4.2%+6.3%-20.6%
Q3 2021+4.0%+3.6%-5.4%
Q2 2021+13.0%+12.6%+20.6%
Q1 2021-1.5%-2.5%-1.7%
Q4 2020+18.6%+24.6%+13.8%
Q3 2020+16.6%+4.4%+18.8%
Q2 2020+12.7%+12.6%+21.1%
Q1 2020+10.0%+7.1%+23.5%
Q4 2019+8.5%+8.7%-26.1%
Q3 2019-6.0%-8.4%-0.5%
Q2 2019+13.6%+16.5%+19.2%
Q1 2019-3.4%-2.4%-9.2%
Q4 2018+2.5%-0.9%+0.4%
Q3 2018+2.2%-4.3%-4.9%
Q2 2018-1.0%+1.1%+15.8%
Q1 2018-0.5%-4.0%+11.1%
Q4 2017+6.7%+9.4%+20.4%
Q3 2017-0.3%-3.6%-6.2%
Q2 2017-2.1%-3.9%-0.7%
Q1 2017+7.1%+5.3%+10.1%
Q4 2016+2.4%+4.5%+13.9%
Q3 2016-3.2%+5.5%+0.4%
Q2 2016+6.5%+8.5%+7.1%
Q1 2016-4.6%
Q4 2015+20.0%
Q3 2015+2.9%
Q2 2015-4.9%
Q1 2015+16.1%
Q4 2014+6.6%
Q3 2014+0.9%
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013

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